Friday, July 27, 2012

With Taxmageddon looming, the Senate voted to raise taxes on small business. It simply boggles the mind. – John Malcolm

 

Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all Republicans in bipartisan opposition to the tax hike.

With Taxmageddon looming, the Senate voted to raise taxes on small business. It simply boggles the mind. – John Malcolm